LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.192%

Price spread now: Backpack against Deribit+0.097%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.097% dearer against Deribit than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7626	−0.0520	get 0.0065% / 1h	0m 59s	$42K	$40K	10x
Short	Backpack LIT_USDC_PERP	4.7672	−0.0556	pay 0.0069% / 1h	0m 59s	$669K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BackpackbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$7.52
Price spread: +0.097% → 0.000%: $9.68
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$14.84
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.10 bp	5.5 bp −$5	14.9 bp −$149	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.1110%	4h	4.7640	+0.030%	$2.8M	$4.6M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0625%	4h	4.7561	−0.136%	$33K	$2K	10x	as long as short
Backpack LIT_USDC_PERPshort	−0.0556%	1h	4.7672	+0.097%	$669K	$1.4M	5x
01 Exchange LITUSD	−0.0552%	1h	4.7620	−0.012%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUALlong	−0.0520%	1h	4.7626	long leg	$42K	$40K	10x
Phemex LITUSDT	−0.0478%	4h	4.7580	−0.096%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0461%	4h	4.7607	−0.040%	$25.8M	$63.8M	50x	as long as short
Bullet LIT-USD	−0.0322%	1h	4.7598	−0.058%	$85K	$81K	20x	as long as short
Aftermath Perps LITUSD	−0.0250%	1h	4.7552	−0.155%	$13K	$204K	10x	as long as short
KuCoin LITUSDTM	−0.0232%	4h	4.7644	+0.038%	$5.3M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0210%	4h	4.7640	+0.030%	$43.0M	$30.1M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7680	+0.113%	$675K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0130%	4h	4.7540	−0.180%	$905K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7620	−0.013%	$814K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7628	+0.004%	$206K	$327K	5x	as long as short
Nado LIT-PERP	−0.0008%	1h	4.7605	−0.044%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7642	+0.034%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7570	−0.118%	$31K	$841K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7644	+0.038%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0008%	8h	4.7595	−0.065%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.869%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7520	−0.223%	$289K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7627	+0.002%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0057%	4h	4.7618	−0.017%	$75.7M	$81.2M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7604	−0.046%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7681	+0.116%	$60.0M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7748	+0.256%	$213.6M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7697	+0.149%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7646	+0.042%	$617K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7595	−0.065%	$119K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7396	−0.483%	$118K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7670	+0.093%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7500	−0.264%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7594	−0.067%	$450K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7656	+0.063%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7637	+0.023%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7625	−0.002%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7651	+0.053%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7591	−0.073%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7694	+0.143%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0229%	4h	4.7555	−0.149%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7641	+0.031%	$62K	—	50x	as long as short